5 Best Data Center Stocks to Buy Right Now

3. Oracle Corporation (NYSE:ORCL)

Stock Upside Potential: 77.50%

Number of Hedge Fund Holders: 111

Oracle Corporation (NYSE:ORCL) is one of the best data center stocks to buy right now. On April 13, Oracle Corporation (NYSE:ORCL) expanded its strategic partnership with Bloom Energy. In return, the company will gain access to 2.8 gigawatts of fuel cell systems to support its build-out of artificial intelligence and cloud computing infrastructure.

Under a master service agreement, Oracle is contracted for an initial capacity of 1.2 GW. The deployment is already underway across the company’s projects in the US. The fuel cell is to support the company’s cloud infrastructure demand.

Bloom has carved out a niche by offering fuel systems designed for higher-density AI workloads. It has emerged as a beneficiary of the AI boom, as data center developers like Oracle seek alternative energy sources to meet surging demand.

On the other hand, KeyBanc has reiterated an Overweight rating on Oracle with a $300 price target. The positive stance is in response to the company’s approach spanning multiple areas, including infrastructure for running AI workloads and deploying agents to automate work, as well as core enterprise data.

Oracle Corporation (NYSE:ORCL) is a major player in data center technology, focusing on providing high-performance infrastructure, cloud services, and specialized database hardware. Their activities span from building their own global public cloud network to deploying specialized hardware directly inside customer data centers.